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Airbus shares rose more than 5% on Wednesday after the European planemaker announced a EUR5billion ($5.7billion) share-buyback program and revealed new midterm targets, including a near-doubling of profits by 2020. Airbus announced late Tuesday that it was aiming for a core profit of EUR12 to EUR13 billion by 2029. This would be a significant increase from the EUR7.13 billion adjusted earnings before interest and taxes of last year, as well as a target far above EUR7.5 billion set in 2026. In a note for investors, Deutsche Bank analyst Christophe Menard stated that the EUR5 billion (or five billion euros) share...

The Indian aviation safety regulator has been reprimanded for not being vigilant enough to protect 'against officials who use their influence to help family get jobs in the industry and for failing to disclose such placements. Government documents examined by show. Documents show that India's Ministry of Civil Aviation, since mid-2025, has repeatedly challenged the Directorate General of Civil Aviation, its safety body for handling conflicts involving relatives of officials in airlines. One instance involved Air India. The concerns are at a crucial time for the DGCA, which oversees one the fastest growing aviation markets in the world. It also...

Airbus announced its medium-term goals on Tuesday. These included a near-doubling of profits, and stronger shareholder returns. This showed confidence in the company's ability to ramp up production at a time when a battered aerospace industry is turning the corner with regard to supply disruption. The largest civil aircraft manufacturer in the world said that it aimed to achieve a core profit between EUR12 billion and EUR13 billion ($13.69 to $14.83billion) by 2029. It also announced a EUR5billion share buyback program. This goal is a significant increase from the EUR7.13 billion in adjusted earnings before taxes and interest that Airbus...

After meeting with Lebanon’s President Joseph Aoun on 'Tuesday', Donald Trump announced that the U.S. government would allow all domestic airlines to fly direct to Lebanon. In 1985, all U.S. flight were suspended after the hijacking TWA Flight 847, which was flying from Athens to Rome. The plane was forced to land in Beirut. A U.S. Navy Diver?died during the 17-day ordeal. U.S. officials must conduct an extensive security review at the Beirut Airport and certify it's safety before flights to Lebanon can resume. The U.S. airlines' willingness to resume flights was not clear. U.S. major airlines American Airlines, United...

Boeing asked the U.S. Government to pressure the European Union on transparency regarding a EUR3 Billion ($3.43 Billion) loan package?to Airbus. This resurfaced trade tensions following the two sides?extending a tariff truce?over jet subsidy. Airbus is reportedly planning to develop a new aircraft as early as 2030. This could spark a new wave of competition on the global jet market. After a 17-year fight at the World Trade Organization, both sides achieved partial victories over their mutual claims about aircraft subsidies. This led to a transatlantic wave of tariffs that hit other industries. The ceasefire, which was due to end...

Alaska Air forecast third-quarter profits below Wall Street expectations on Tuesday as fuel prices rose due to renewed U.S. - Iran?fighting. Seattle-based airline Alaska Airlines expects its third-quarter adjusted profits to be between $0 and $1 per share. According to data compiled and analyzed by LSEG, analysts had on average estimated a profit per share of $1.38. In extended trading, shares of the airline fell 3%. U.S. airlines will face additional fuel costs of billions of dollars this year due to the increased oil and jet-fuel price caused by the war in Iran, and the prolonged disruption of shipping through...

Hawaiian Airlines announced 'Tuesday it will retire a total of 19 'Boeing 737s that are more than 20 years older and replace them with larger 737 Next Generation jets in order to keep up with the growing demand for inter-island short flights starting in 2028. The 737 NG has around 160 seats compared to the?717s' 128. Hawaiian CEO Diana Birkett Rakow said in an interview that the airline needs extra capacity for the middle of each day. Alaska Airlines, the parent company of Hawaiian Airlines, announced it would be leasing four 737-800 freighters to nearly double its capacity. Alaska Airlines...

The Brazilian planemaker Embraer announced on Tuesday orders for 28 E2 aircraft at the Farnborough Airshow, England. These included 20 jets ordered by South 'American airline group Abra Group and orders placed by existing clients Luxair and?Binter?. Abra's purchase of E195-E2 aircraft marks the first Embraer aircraft purchased by the group which controls Brazilian airline Gol, and Colombian carrier Avianca. Both airlines' fleets are currently Boeing and Airbus. Abra has not yet revealed how the aircraft will be allocated, but Gol would join rivals Azul and?LATAM as Embraer jet operators in the home market of the planemaker if Abra added...

Airlines have announced nearly 300 orders for planes at the Farnborough Airshow, in?the United Kingdom. Boeing has a slight advantage over European rival Airbus as they race to close deals. Industry sources, however, said that they expected dealmaking to fall below some ambitious expectations?of 800 or more aircraft, as planemakers?continue to struggle with supply-chain restrictions and production bottlenecks. Here are the key deals that have been made so far. SMBC AVIATION CAPITAL Boeing and SMBC Aviation Capital have announced that they have ordered 100 737-MAX aircraft, 60 737-10 jets and 40 737-8. SMBC announced that it had placed a firm...

Emirates' president said that a European proposal to impose carbon charges on some international flights would hit carriers?twice. He was speaking as more airlines gathered behind a global deal to halt pollution. The European Commission released proposals on Friday for the implementation of costs for emissions on international flights that depart Europe, measured at a certain point in central Europe and land in countries as far away as 5,000 km (3100 miles). If approved, the proposal will 'exclude direct flights from the U.S. to the Middle East and North Africa, but some flights from the Middle East to Turkey, for...

IndiGo, India’s largest airline, has signed a preliminary deal with?CFM International to purchase over 1,000 LEAP-1A engine. This is a record order for this French-U.S. engine maker, which is currently battling a repair backlog. The Memorandum of Understanding at the Farnborough Airshow will provide engines for the same airline’s massive order to purchase 500 Airbus A320neo family aircraft by 2023, at the Paris Airshow. Paris alternates with Farnborough each year as the industry’s annual showcase. This deal includes plans to have the airline open a maintenance, repair, and overhaul center as well as an agreement for parts. CFM is the...

Senior finance executives told the Farnborough Airshow that private investors need to fill the gap left by cash-strapped governments. But, too many bottlenecks and barriers discourage investment. Cathal Deasy said that "public spending will not be enough. We need to mobilize private capital in large quantities." He added that national governments must act more quickly and with greater clarity. According to event organizers, bankers and investors have attended the annual aerospace conference in record numbers this year. They are attracted by the prospect of 'cashing in' on a global boom for defence investing amid increasing geopolitical tensions. Investor sentiment has...

The United States and Canada have canceled their planned joint celebration. The opening of the 'Gordie Howe International bridge between Windsor, Ontario and Detroit has been cancelled due to a 'trade threat from President Donald Trump. In an emailed message, Jenna Ghassabeh said that it would not be appropriate to hold a celebration between the two nations in light of the trade action that the United States threatened earlier this week. The bridge will open to traffic on July 27. Windsor Mayor Drew Dilkens told local media that a ribbon-cutting event was scheduled for July 24, with U.S. and Canadian...

Three industry sources reported on Tuesday that the Caspian Pipeline Consortium has ceased receiving oil from Kazakhstan after the suspension of 'loadings' due to a sabotage attack against 'oil tankers? at its Black Sea Terminal. Two sources said that the oil?reservoirs are also full at the terminal. CPC, the company that accounts for 80% of Kazakhstan's oil exports, declined to comment. CPC announced on Monday that oil loads were'suspended' at the Black Sea Port following a ukranian drone attack against tankers. Chevron continues its monitoring of the situation at CPC. Safety and security for personnel are our highest priority. Chevron's...

Houthis, who are allied with Iran, in Yemen, will blockade Saudi Arabia's maritime traffic, they announced on Monday. This would further restrict a global market for energy, which is already severely restricted due to Iran's closing of the Strait?of Hormuz. Why it matters, and what it means to the Iran War and the global energy crises: How big is the risk to global energy markets? It's not clear what the Houthis will do to blockade Saudi Arabia along the Red Sea Coast, their northern neighbor. Or if they would return to attacking shipping. Yemen is located on the strait of?Bab...

The congestion on the U.S. electric grid is becoming a costly bottleneck. It drives up power prices, delays new generation projects, and undermines reliability. But the attention of the electricity industry is still largely focused on generation. Politicians debate?solar panel, natural gas turbines, and nuclear reactors, while utilities boast of billions of dollars in planned investments. PJM Interconnection is the largest U.S. electricity market, spanning 13 states. It provides a stark example. According to Gridraven, transmission congestion cost market players $777.8 in June. This was a drop from the?record-breaking $1 billion congestion bill during a heatwave in May, but it...

The congestion on the U.S. electric grid is a costly bottleneck that drives up prices and delays new generation projects, while also compromising reliability. The electricity industry is still largely focused on the generation of electricity. Politicians debate solar panels, gas turbines, and nuclear reactors, while utilities boast of billions of dollars in planned investments. PJM Interconnection is the largest U.S. electricity market, spanning 13 states. It provides a striking example. According to a recent report from Gridraven, transmission congestion cost market participants $777.8 millions in June. This is down from the record-breaking $1 billion in May during a regional...

CPC announced on Sunday that two?oil tanks were attacked by a gang of armed men at a terminal near the Black Sea coast in?Russia. Oil loadings have been suspended. CPC reported that the ASIA and NISSOS tanks were attacked during loading operations. CPC said that the ASIA tanker caught on fire and was put out. CPC employees and contractors were not injured or killed. CPC confirmed that there was no oil spill, adding that the tankers were still afloat. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their...

CPC reported that two drones attacked and damaged an oil tanker, which was chartered to load oil at the Caspian Pipeline consortium terminal near Russia's Black Sea coast. ExxonMobil was said to have chartered the Suezmax class Nordic Zenith. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their attacks on shipping in the Black Sea and Azov Seas. This marks a new phase in a war which has been fought mainly on the ground. CPC stated in a press release that a fire had broken out on the...

Kuwaiti authorities reported?on?Friday that an Iranian attack?hit one of Kuwait's power generating and?water -desalination stations, causing a fire, damage, and the interruption of a number of electricity generation units. The Ministry of Electricity, Water and Renewable Energy reported that firefighters brought the fire under control, while technical teams assessed the damage, secured the station and worked to restore service as quickly as possible for the affected electricity generation units. Iran claimed to have launched a new attack on U.S. military facilities in the Middle East on Friday. This included 'the first direct attack on Syria, following a sixth night of...

These are the most popular stories from the Wall Street Journal. The?has not checked these stories or?cannot?guarantee their accuracy. Databricks, a provider of data analytics, has raised a round of strategic funding valued at $188 billion. The U.S. Food and Drug Administration announced that Taco Bell owned by Yum Brands would stop using shredded iceberg sourced from a supplier that has been linked with a parasitic outbreak causing a severe form of diarrhea and vomiting. Honda Motors will stop?the production?of its Prologue SUV, which is sold?in America?this?year. Honda Motors will not cancel sales immediately, but expects to continue them until...

Three sources have confirmed that Saudi Arabia's ROSHN group is looking for investors to help finance its Aramco stadium, which will host the FIFA World Cup in 2034. The state-backed developer wants to free up capital so it can deliver projects as part of the kingdom's economic transformation strategy. Saudi Arabia is relying more on outside capital as it tries to reduce its dependence on oil and gas revenues. Two sources who declined to be identified because the matter was not public said that JPMorgan had hired ROSHN to manage the equity raising process. According to a third source, PIF...

The administration of New York Governor Kathy Hochul on Wednesday condemned an "ongoing outage" on the Champlain-Hudson Power Express transmission line. She had championed the $6 billion project to reduce the use of dirty oil-fired power plants and increase the razor-thin'state grid's buffer against unforeseen events. According to the latest transmission outage calendar from grid operator New York ISO, the?1,250 megawatt Champlain Hudson Power Express is expected to remain offline until July 31. New York ISO's data previously indicated that CHPE would not be in service until the end of this week. New York ISO didn't respond to a request...

Three sources have confirmed that Saudi Arabia's ROSHN group is looking for investors to help finance its Aramco Stadium which will host the FIFA World Cup in 2034. The state-backed developer wants to 'free up capital' so it can deliver projects as part of the Kingdom's economic transformation plan. Saudi Arabia is increasingly relying on outside capital for funding projects in tourism, sports, and logistics to reduce the economy's dependence on oil and gas revenues. Two sources who declined to be identified because the matter was not public said that JPMorgan had hired ROSHN to manage the equity raising process....